The 1% Daily

The latest from the top offices of Burbank, Wall Street, and Silicon Valley.

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Sweeney's Successor
The television industry can release its bated breath: ABC News head Ben Sherwood is set to inherit the highly-sought-after reins of Disney/ABC Television president Anne Sweeney. (LA Times)

Guilt by Association
The Madoff domino effect brings down five more as several of the disgraced investor's former employees are convicted for fraud. (Reuters)

The Information Age Limit
It might be the world's most booming industry—but is it exclusive to post-boomers? (The New Republic)

Keeping Up With the Joneses—In Real TimeForbes, known for its annual rankings of the world's wealthiest, is now offering a daily bean count of the most enviable net worths. (Forbes)

Working for the Weekend
For ambitious grads looking for a ticket to wealth, it often comes down to finance versus tech. Or, in other words: restrictive suits, brutal winters, and even more brutal hours on Wall Street versus what often seems like college with an expense account in sunny Silicon Valley. The finance world's carrot for prospective junior bankers? Weekends off. (The New York Times)